Hsin Chien Marine to order newcastlemax in Japan

Taiwan’s Hsin Chien Marine is poised to order a newcastlemax bulker at a Japanese shipyard.

Well-placed shipbuilding sources said the bulker owner is in close discussion with Japan Marine United (JMU) for one 208,000-dwt ship to be delivered in 2020. No price was disclosed.

A shipping source familiar with Hsin Chien confirmed the company’s newbuilding intention, adding that the bulker will be ordered against long-term employment to Japan’s NS United.